Author Archives: the HedgeCo News Team
Hedge Fund Standards Board Announces New International Signatories
West Palm Beach (Press Release) – Odey, Jupiter and The Children’s Investment Fund are among the latest batch of new signatories announced today by the Hedge Fund Standards Board (HFSB). A total of 13 new hedge fund managers have […]
Carlyle raising $1 bln Asia property fund -sources
Forbes – The Carlyle Group is raising its second Asia real estate fund with a target of $1 billion in a move to tap more property deals in key markets like China and Japan, sources with direct knowledge of the […]
Hedge Funds Bulk at UK Tax Plans
CNBC – A group of powerful hedge-fund managers warned that they could quit London if taxes become too onerous. Richard Lambert, director-general of the Confederation of British Industry, considers the outlook for UK taxes. You say the name of a […]
Investor Confidence in the Hedge Fund Industry – Survey
West Palm Beach (HedgeCo.net) – Eighty per cent of hedge fund investors continue to believe that hedge funds can provide good, long-term returns, according to a recent survey conducted by IRC Conferences / Terrapinn, a leading global business media company […]
Ex-Vitol Trader to Start $100 Million Oil Hedge Fund
Bloomberg – Andrew Serotta, the Vitol Group oil trader who left last year as the firm scaled back its derivatives business, said he plans to start a $100 million hedge fund called Logista Capital to trade in crude futures. The […]
Geithner Wants Federal Supervision of Hedge Funds, Private Equity Firms
New York (HedgeCo.Net) – If Treasury Secretary Timothy Geithner gets his way, hedge funds and private equity firms will be placed under the supervision of the federal government. “Over the past 18 months, we have faced the most severe […]
IRS Offers Deal to Tax Evaders
New York (HedgeCo.Net) – Wealthy Americans who have been hoarding cash overseas and failing to pay Uncle Sam are getting a break, as the Internal Revenue Service unveils a plan that will greatly reduce their penalties. The idea comes a […]
Ponzi Funds Said Missing
Wall Street Journal – Prosecutors said $160 million is unaccounted for in a Ponzi scheme allegedly run by hedge-fund manager James Nicholson. At a bail hearing Thursday, Assistant U.S. Attorney Maria E. Douvas said the government’s investigation showed that $293 […]
Hedge Funds, Buyout Firms Say Regulation Unstoppable
Bloombergb – Hedge funds and private-equity firms, after opposing increased federal oversight for years, said they can’t escape the Obama administration’s plan to include them in an overhaul of U.S. financial regulation. “We’re not going to be able to stand […]
Hedge fund industry still feeling Madoff effect
Reuters – Bernard Madoff is behind bars, but the effects of his fraud are still reverberating in the hedge fund industry, with more redemptions expected and investor confidence decimated. Traumatized investors are now more likely to closely monitor where their money […]
Proposed rules concern US hedge funds and private equity –
Reuters – For years, U.S. hedge fund managers have worried that their loosely regulated and secretive industry would one day face tougher regulations. "It was inevitable that this would happen," said Brad Alford, founder of Alpha Capital Management, an advisory […]